FIRSTMED HEALTH AND WELLNESS CENTER (EIN 270759056) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2009

Legal Domicile

Principal Officer

FirstMed

Phone

7027311909

Tax Period

2023-01-01 to 2023-12-31

FIRSTMED HEALTH AND WELLNESS CENTER, founded in 2009, is a mid-sized nonprofit in the Health Care sector that reported $12.0M in total revenue in fiscal year 2023.

Mission

FirstMed Health and Wellness is a nonprofit community healthcare clinic providing mental health and preventive and primary health care services to individuals and families in Southern Nevada. Founded in 2009, FirstMed Health and Wellness was the vision of a group of physicians and professionals who wanted to serve the uninsured and under-insured population.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $3,991,677

Program Service Revenue $7,749,328

Investment Income $0

Other Revenue $210,620

TOTAL REVENUE $11,951,625

Expense Breakdown

Grants Paid $0

Salaries & Benefits $6,289,058

Fundraising Expenses $0

Program Expenses $8,440,159

Other Expenses $5,922,571

TOTAL EXPENSES $12,211,629

Year-over-Year Comparison

	2023	2022	Change
Revenue	$11,951,625	$12,161,217	0.0%
Expenses	$12,211,629	$12,104,291	+0.0%
Net Income	$-260,004	$56,926	-5.6%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

N/A

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$511,966

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Angela Quinn	CEO	40	Officer	$255,692	$7,473	$263,165
Icy DuCreay	CFO	40	Officer	$224,904	$23,897	$248,801
Lilnetra Grady	CMO	40	Highest	$217,547	$22,402	$239,949
Sonya Harris	VP	40	Highest	$223,554	$7,473	$231,027
Myesha Wilson	COO	40	Highest	$208,767	$7,473	$216,240
Mae Guerrero	MD	40	Highest	$174,424	$18,810	$193,234
Ida Sorongon	MD	40	Highest	$182,049	$5,883	$187,932

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	No data	No data	No data	No data
2023	$11,951,625	$12,211,629	$1,724,404	$-260,004
2022	$12,161,217	$12,104,291	$1,051,530	$56,926
2021	$11,857,127	$12,038,923	$2,325,951	$-181,796
2020	$10,904,097	$11,126,331	$2,304,434	$-222,234
2019	$9,627,682	$9,112,773	$1,418,145	$514,909
2018	$7,592,363	$8,663,988	$1,714,894	$-1,071,625

FIRSTMED HEALTH AND WELLNESS CENTER